This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:19:37
The video focuses on various aspects of the cryptocurrency market, particularly Bitcoin and alternative cryptocurrencies (altcoins). The host discusses realistic price ranges for Bitcoin, suggesting potential peaks in 2024 or 2025, and emphasizes the importance of tracking metrics such as MVRV Z-Score and the Fear and Greed Index. They also advocate for consistent investment strategies like Dollar-Cost Averaging (DCA) across multiple cryptocurrencies, highlighting their own investment series starting in September 2023. Additionally, the video covers the performance of altcoins relative to Bitcoin and underscores the significance of including them in investment portfolios. A part of the video also involves a giveaway sponsored by Alvar Protocol, distributing $500 USDT among selected winners. The host further illustrates the potential gains from past investments in various cryptocurrencies, stressing transparency and the timely nature of the investment advice.
00:00:00
In this part of the video, the host welcomes everyone to the Saturday live stream and outlines the main topics of discussion: Bitcoin price ranges and a $500 USDT giveaway sponsored by Alvar protocol. They stress that price predictions are often useless and potentially harmful, sharing a personal anecdote about inaccurately predicting Bitcoin’s last cycle. Instead of predictions, the host focuses on realistic price ranges. They mention a $5 to $500,000 range for Bitcoin by the end of 2024 and reference a video by Bob Lucas on “left translated cycles,” suggesting potential price movements and a possible blowoff top in December 2024. The host also mentions the alternative “right translated cycle” resulting in a blowoff top from April to November 2025. To better understand the market, they recommend watching the linked video and checking a trend line on Ben’s website.
00:03:00
In this segment, the speaker discusses the current state of the crypto market, highlighting that it is at fair market value, approximately at a 2.39 trillion market cap. They explain that this value is neither inflated nor undervalued, sitting within a normal range. Historical context is provided, mentioning significant market moments such as the peak in November 2021 and the subsequent decline by June 2022. The speaker also explores Bitcoin’s logarithmic regression bands, comparing past bull runs and expressing skepticism about market behavior in 2021. They speculate on potential future peaks, suggesting that major price increases could occur in 2024 or 2025, emphasizing the importance of continued accumulation until then.
00:06:00
In this segment of the video, the speaker discusses potential future price ranges for Bitcoin, focusing on various metrics and bands, such as lower bands, upper bands, and bubble bands. By projecting to December 2024, they suggest a non-bubble upper range of $105,000 for Bitcoin. They caution that this figure is not guaranteed and should be considered alongside other metrics like MVRV Z-Score, Puell Multiple, P Cycle top, and the Fear and Greed Index. The speaker notes an exceptional price appreciation ahead of the halving event, pointing out that traditionally Bitcoin would be 60% below its all-time high at this stage, but it is currently just 5% down. They also entertain higher potential ranges, such as a bubble lower band at $226,000 and an upper band at $337,000, due to market dynamics and increased demand from ETFs, with more Bitcoin being purchased daily than mined.
00:09:00
In this part of the video, the speaker discusses the potential for a bull run in the cryptocurrency market that was anticipated for 2021. The speaker highlights the importance of altcoins in addition to Bitcoin and mentions a Dollar-Cost Averaging (DCA) series they started on September 1, 2023, which historically is a poor month for crypto and stock markets. Despite September usually being bad, it turned out well, and the speaker continuously invests $10 daily in various cryptocurrencies including Bitcoin, Ethereum, Solana, Cardano, and others. The speaker shows the progress of these investments, noting significant returns over time, and emphasizes the value of investing in altcoins even when they are not at their all-time highs. They demonstrate that consistent investments yield substantial gains, with detailed percentage increases for each cryptocurrency from September 1, 2023, to later dates.
00:12:00
In this part of the video, the speaker discusses Bitcoin’s current status and its performance compared to alternative cryptocurrencies (alts). Despite Bitcoin being a reliable asset in a volatile market, some alts have performed better over a recent six-month period. The speaker emphasizes the importance of not ignoring alts while still advocating for dollar-cost averaging across Bitcoin and various alts. Following this, the speaker introduces a giveaway involving $500 in USDT on the Binance Smart Chain, provided by Alvar Protocol. Alvar Protocol, a defi hedge fund, will be listed on Uniswap, and the speaker advises caution due to typical price volatility post-listing.
00:15:00
In this part of the video, the host conducts a live giveaway using Twitter picker. They input the tweet’s URL and set criteria for participants, such as having a profile picture and recent activity. Initially, there are 60 entries. The first drawing mistakenly picks one winner, but subsequently, the correct process is followed to select four additional winners. The winners, Orlando, Sasha, Gustavo, and Marco, will be contacted via X (formerly Twitter) and asked for their Binance Smart Chain wallet details to receive $100 worth of Tether. The host reminds winners to verify their identity by checking the follower count.
00:18:00
In this part of the video, the speaker discusses their recent investments and provides a link to a detailed chart of these investments in the description. They share specific examples of investments, such as putting $5,000 into Gen so Kishi which peaked at half a million and a $1,000 investment in ome which grew to $16,000. The speaker also mentions a $25,000 investment in sweatcoin that reached $157,000 at its all-time high. They admit not selling at peak values due to timing issues and a lock-up period for sweatcoin. Current values of these investments vary, with some like G Oishi still showing significant gains, while others like Fame have greatly diminished. They emphasize transparency and invite viewers to like and subscribe, noting that the content is time-sensitive.